Fogerty Company makes two products--Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit 0.80 0.40 Hubs Sprockets Annual Production 16,000 units 53,000 units Additional information about the company follows: a. Hubs require $30 in direct materials per unit, and Sprockets require $12. b. The direct labor wage rate is $12 per hour. c. Hubs are more complex to manufacture than Sprockets and they require special processing d. The company's activity-based absorption costing system has the following activity cost pools: Total 189 5,000 34,000 Estimated Overhead Expected Activity Activity Cost Pool (and Activity Measure) Cost Hub Sprockets Machine setups (number of setups) $ 23,625 105 84 Special processing machine-hours) $ 125,000 5,000 0 General factory (Direct labor-hours) $544,000 12,800 21,200 Required: 1. Compute the activity rate for each activity cost pool 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Activity Rate Machine setups per setup Special processing por MH General factory per DLH Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost